Amana Academy Inc
- Assets
- $14.3m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 134
- Location
- Alpharetta, GA
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 16-1675588
Organization Overview
Amana Academy Inc is located in Alpharetta, GA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Amana Academy Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amana Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Amana Academy Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS FOR HIGH ACADEMIC ACHIEVEMENT BEYOND WHAT THEY THINK POSSIBLE, SO THAT THEY BECOME ACTIVE CONTRIBUTORS TO BUILDING A BETTER WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMANA ACADEMY IS A PUBLICLY FUNDED FULTON COUNTY GEORGIA CHARTER SCHOOL THAT STRIVES FOR AN ENVIRONMENT THAT EMPHASIZED HIGH ACADEMIC ACHIEVEMENT, CRITICAL THINKING WHILE STILL LEAVING THE DOOR OPEN FOR INDIVIDUAL LEARNING STYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Lennon Board Chair | OfficerTrustee | 1 | $0 |
Kaamilah Chester Treasurer | OfficerTrustee | 1 | $0 |
Dr Keona Lewis Secretary | OfficerTrustee | 1 | $0 |
Jack Murphy Member | Trustee | 1 | $0 |
Errol Williams Member | Trustee | 1 | $0 |
Chad Cunningham Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,260,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $513,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,773,934 |
| Total Program Service Revenue | $152,422 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,926,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,083,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $775,810 |
| Payroll taxes | $107,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,917 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $356,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,890 |
| Insurance | $80,182 |
| All other expenses | $995,216 |
| Total functional expenses | $9,117,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,330,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,624 |
| Net Land, buildings, and equipment | $7,565,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,348,338 |
| Total assets | $14,329,958 |
| Accounts payable and accrued expenses | $877,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,398,238 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,777,367 |
| Total liabilities | $17,053,002 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,205,366 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$1,517,678 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,329,958 |